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Xperi

XPER
34
Software - Application · Technology
Price
$6.25
+0.10 (+1.63%)
Market Cap
$301.7M
Winston Score
34
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+170.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 41.7M (2021) → 112.7M (2025)

Winston Score History

The full picture

Xperi Inc. is a technology licensing and entertainment company that makes software and technology for TVs, cars, and streaming devices. Its main products include TiVo, a well-known brand for TV guides and content discovery, along with audio and imaging technologies licensed to device makers. The company serves consumer electronics manufacturers, pay-TV operators, and automakers around the world.

Xperi makes most of its money by licensing its patents and software to other companies, who pay fees to use Xperi's technology in their products. It operates globally, with customers across North America, Europe, and Asia, and generates roughly $500 million in annual revenue. The TiVo brand and its broad patent portfolio give Xperi some protection against competitors, but the company is currently unprofitable at the operating level, and its key challenge is growing licensing revenue fast enough to cover costs as traditional pay-TV markets shrink.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+8.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+96.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$68M/ year

Declining (-65% vs prior year)

15.1% of revenue

In line with sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

21.5%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$91M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Xperi is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
68.5%
Premium pricing power — 68.5% gross margin
Profit after running costs
Operating Margin
2.7%
Thin — 2.7% operating margin
Return on the money invested
ROCE
-2.4%
Weak — -2.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-3.9%
Shrinking sales (-3.9% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-3.4%
Burning cash (-3.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.10
Conservative — low debt load (0.10)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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